[Donna Lee Nardo]

Yes, wrecking economic havoc on America is a familiar refrain from al qaeda.

Here is an excerpt from the usama tape the other day (part of the tape not shown on al jazeera but released yesterday on the web):

"In another partial portion of the video released Monday, bin Laden vowed to bleed America to bankruptcy, boasting that for every $1 al-Qaida has spent on terrorist strikes, it has cost the United States $1 million in economic fallout and military spending, including emergency funding for Iraq and Afghanistan.

"As for the size of the economic deficit, it has reached record astronomical numbers," bin Laden said, estimating the deficit at more than $1 trillion.

Actually, the war against terror and other factors have resulted in an expected $377 billion shortfall for 2003 -- the highest deficit since World War II accounting for inflation. The total U.S. national debt is near the $7.4 trillion statutory limit."

The terror mastermind credited the religiously inspired Arab volunteers that he fought with against the Soviets in Afghanistan with having "bled Russia for 10 years, until it went bankrupt and was forced to withdraw in defeat." He suggested the same strategy would work against the United States.

Rest of story here

[tmp02]

I would like to recommend, what I believe, is an important book regarding the future economy and how you can prepare for it. It is called Conquer the Crash by Robert Pretcher (www.elliotwave.com). ExSoldier, here give an idea of what happens to gold during a depression/recession, as well as other assets and money equivalents. Take a look! A must read.


PS. I have not contact/relationship with Pretcher or his organization except that I bought his book from Barnes and Noble.

[Godzilla]

Yes, wrecking economic havoc on America is a familiar refrain from al qaeda.

But what equivalent havoc have we done back to him?